UPDATE:Ups and downs of DRC mining
Miners with operations in the Democratic Republic of the Congo (DRC) continue to be at the mercy of a market that h…
Africa
Workers Protest At Paladin Construction Site
Paladin Energy (PDN-T, PDN-A) says worker unrest at its Kayelekera uranium project in Malawi hasn’t slowed construction and it expects commissioning by the end of April as scheduled.
Helio Raising $5.3M For Tanzanian Drilling
VANCOUVER — A cashing-up Helio Resource (HRC-V, HELOF-O) is tentatively planning a 20,000-metre drill program at its SMP gold project in the Lupa Goldfields of Tanzania, says the company’s CEO, Richa…
Japan, China, Korea in energy shopping spree
Taking advantage of fire-sale prices, energy-poor, cash-rich industrial powerhouses Japan, China and Korea have emb…
More delays for DRC’s big miners
Miners hoping for an end to the protracted mining revision process in the Democratic Republic of Congo (DRC) will h…
Guinea extends Hidalgo’s permits for Fifa project
Despite recent uncertainty in Guinea over foreign mining contracts, Hidalgo Mining International (HMIT-O) says the …
New Dawn Mining receives US dollars for Zimbabwean gold exports
Zimbabwe’s new monetary policy allowing mining companies to directly market their gold overseas and retain 100% of …
Hana Mining reports strong intercepts in Botswana
Junior explorer Hana Mining’s (HMG-V) shares jumped 15% to 34.5¢ apiece on news of drill results from its sedi…
Rusal feels the chill in Guinea
Guinean President Moussa Camara says Russia’s Rusal short changed the government on a 2006 deal and will seek remed…
First Quantum Earns US$45.9M In 2008
VANCOUVER — Despite record copper production First Quantum Minerals (FM-T, FQVLF-O) managed to earn just US$45.9 million in 2008 as the plunging copper price forced the company to take major investme…
Forsys Takeover Deal May Be On The Ropes
It’s been a wild ride for Forsys Metals (FSY-T, FOSYF-O) shareholders since George Forrest International Afrique (GFI) said it would need more time to pay up for the company and its Valencia uranium d…
Great Basin Raises $130M For Burnside Gold Project
Great Basin Gold (GBG-T, GBG-X) is determined to get its Burnside gold project in South Africa up and running by July 2010 and has completed an equity financing to do it.